"The Entitlement Offer was strongly supported by eligible shareholders, who applied for34,067,368 new fully paid ordinary shares (New Shares), raising approximately $1.7 million(before costs), pursuant to their entitlements. This represents a 74% take up rate of entitlements by eligible shareholders."
I would have expected 100% but I am assuming that 26% of the investors must be foreign and could not participate in the offer which is very unfortunate for them, It's a big disadvantage these investors have and they might want to sell because of it, I know I would be upset if I was an investor and could not participate, at one point through the offer period the share price got to 14 cents, almost a 3 bagger from 5 cents offer price.
A1G Price at posting:
7.0¢ Sentiment: Buy Disclosure: Not Held
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